As the north Texas market continues to boom, comparative market analysis suggests that now is the time to sell in Denton and Collins counties.The north Texas market is not just hot, it’s essential an inferno. Drawn by the pleasant climate without the over-crowding and long commute times of southern California, companies and individuals are flocking to the Dallas area and they need a place to live. Current and potential property owners need only look at MLS comps Denton and Collins MLS comps to see that now is a great time to sell property, but also a great time to get into a market which will offer abundant return on investment in the very near future.
A comparative market analysis of Denton and Collins counties, to the north of Dallas, shows a market that is booming, but investors need not worry about a bubble. Construction cannot keep up with the current demand which has led to a 9% increase in home prices year over year. Collin county, in particular, is strong for sellers. With the lowest inventory of any county in the state, Collins saw an 11% jump in values in 2015. In May of this year, the Star-Telegram reported that the population boom shows no sign of slowing down. This demand is only predicted to increase as more companies move to the area and buyers from the city-center look to purchase properties in the suburbs and more rural areas. Looking at MLS comps Denton and Collins MLS comps reinforces that this is undoubtedly a seller’s market.
If the results from looking at Denton MLS comps, and Collins MLS comps aren’t enough to convince an owner on the fence about selling, take into account that buyers actually camped out overnight in order to secure prized lots in a new development in McKinney. With so much interest, sellers can let the offers come to them and use the record profits to further invest, perhaps in Tarrant or Rockwall, as we noted in this article.
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